Reddit reported first-quarter revenue of $663 million, surpassing analyst estimates of $611 million, driven by a 74% surge in advertising revenue and a 75% increase in advertisers. Adjusted earnings per share were $1.01, well above the expected $0.58, and adjusted EBITDA reached $266 million, beating estimates. Daily active users rose 17% to 126.8 million, exceeding expectations. Reddit also provided strong guidance for Q2 revenue and EBITDA, highlighting cost discipline and improved gross margins despite increased AI investments, leading analysts to raise revenue and EBITDA forecasts for 2026.
Reddit reported strong Q1 2026 results with revenue up 69%, advertising revenue rising 74%, and daily active users growing 17% year over year. The platform's value lies in its high-intent user behavior, as users increasingly use Reddit for research, ...
A ranking of acquisition potential among cult stocks places SoundHound AI as the most likely target due to its small market cap, strategic AI assets, and recent strong revenue growth. Roku is seen as a strategic sweet spot with a large but manageable...
